India gets 1st weather derivatives product

India gets 1st weather derivatives product
MUMBAI: NCDEX on Wednesday said India’s first exchange-traded weather derivatives contract will start trading on May 29. Christened RainMumbai, this derivatives product could be used by a wide range of stakeholders like farmers, construction companies, power utilities, banks with agricultural loan portfolios, and logistics operators, a release from NCDEX said.
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